1941 public laws – Ch.247 Sec.1
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CHAPTER 247 AN ACT TO AMEND THE WORLD WAR VETERANS LOAN ACTS AUTHORIZING THE INVESTMENT OF AVAILABLE FUNDS BY THE BOARD OF ADVISORS, WITH THE APPROVAL OF THE GOVERNOR AND COUNCIL OF STATE. The General Assembly of North Carolina do enact:
That the Board of Advisors of the World War Veterans Loan Fund, created by Chapter one hundred and fiftyfive of the Public Laws of one thousand nine hundred and twenty-five, by and with the advice and approval of the Governor and Council of State, is hereby authorized and empowered to invest any funds which are now held by the State Treasurer for the World War Veterans Loan Funds or which may be collected for said funds prior to the maturities of the State bonds issued under authority of the Act above mentioned and Chapter two hundred and ninety-eight of the Public Laws of one thousand nine hundred and twenty-nine, in any securities in which the State Sinking Fund Commission is authorized to invest sinking funds of the State of North Carolina as now provided by law, and loan or invest said money in such other securities or investments which in the opinion of the said board of advisors and the Governor and Council of State are considered safe investments for the said funds, reasonably calculated to produce income to aid in meeting the debt service requirements of the outstanding Veterans Loan bonds.